“The new partnership marks FacePhi’s first foray into the Uruguayan market, though this isn’t the first time it has worked with the global bank.” FacePhi‘s upwards trajectory continues, with HSBC Uruguay becoming the latest financial services firm to embrace its selfie-based biometric authentication technology. The new partnership marks FacePhi’s first foray into the Uruguayan market,…
HSBC has become the latest financial services organization to let iPhone X users login to their corporate accounts using Face ID, the device’s sophisticated 3D facial recognition system. The bank’s support for Face ID comes after Discover enabled Face ID login for its cardholders in December, and Singapore’s OCBC enabled Face ID authentication a month…
“In a statement announcing its partnership with HSBC, FacePhi emphasized that Euromoney magazine recently named HSBC the “World’s best bank”, suggesting that its embrace of biometric technology has helped to burnish its profile.” HSBC customers will soon be able to log in to their mobile apps via facial recognition, thanks to a new partnership with…
Today was the final day of Money20/20 Europe, during which the leading minds in biometrics and FinTech took the stage to discuss multimodal biometrics in the world of modern day commerce. Peter O’Neill, president of FindBiometrics, moderated The power of choice: Why multimodal biometrics are taking over consumer facing FinTech – a dynamic discussion about…
The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. The Obstacle of Technophobia A new research report from HSBC, Trust in Technology, asserts that the biggest obstacle facing the mainstream adoption of biometrics in FinTech is consumer technophobia based on…
The biggest obstacle to mainstream adoption of advanced new FinTech is a lack of understanding on the part of the customer, suggests HSBC in a new research report. Entitled Trust in Technology, the report is based on surveys of a little over 12,000 respondents across Canada, China, France, Germany, Hong Kong, India, Mexico, Singapore, the…
A BBC reporter is drawing attention to the vulnerabilities of HSBC’s voice authentication system for customer calls, asserting that his non-identical twin brother was able to gain access to his account by mimicking his voice. Commenting on the matter, the reporter noted that the “really alarming” aspect of the fraud is that the system allowed his…
HSBC has enabled voice-based authentication for customers in the US. Called Voice ID, the system uses voice biometrics for authentication, with a given customer needing only to repeat a passphrase to confirm their identity. In a statement announcing the system, HSBC US Head of Direct Channels LuAnne Kingston emphasized the superiority of this kind of biometric…
HSBC has announced a new Technology Advisory Board, and the exploration of biometric security is a key component of its mandate. The bank says that its new group will meet on a quarterly basis to offer guidance with respect to technology issues. It will focus on three key areas in particular: Disruption and the opportunities it offers;…
HSBC is intensifying its embrace of biometric authentication with a new mobile system that will let business customers open new accounts via selfie. In addition to requiring an image of the user’s face, the system also asks the user to take a picture of a relevant photo identification document. Once it has both images, it…
Biometric technology is expected to enjoy a bright spotlight at next week’s Money20/20 Europe conference, with growing enthusiasm from some big players in FinTech. Fittingly, a discussion panel on biometrics moderated by FindBiometrics President Peter O’Neill has just announced another participant: Craig Ramsay, HSBC Payments and Cash Management’s Head of Innovation. The financial services company…